Tax audit applicability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 May 2014
Suppose if Mr A is carrying out business in Gujarat & Mumbai under same firm name, same line of business but accounts are maintained seperately and has different VAT registeration in both state
Will both the firm will be subject to tax audit if t/0 of both firm combined exceeds 1 crore ????
Thanx in advance
Will both the firm will be subject to tax audit if t/0 of both firm combined exceeds 1 crore ????
Thanx in advance
04 May 2014
yes. the turnover shall be combined for the purpose of tax audit...
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